WEEK 8.
Problems of a Farm Manager
Problems which a farm manager may face during the course of discharging his duties include:
(1) Inadequate Information: He may lack information on where to buy farm inputs, or acquire information on new innovations, current prices of farm produce, etc.
(2) Problems of Marketing: He may not know how and where to sell he produce, at what time to sell and at which price to sell to make maximum profit.
(3) Inadequate Farm Input: Farm input like seeds, feed, fertilizers, chemicals, etc, may be inadequate, scarce and expensive to get.
(4) Financial Problems: He may not have enough capital. Banks may not provide loans and produce may not sell at the right price to make more money to reinvest in the business.
(5) Inadequate Personnel: He may not get the right management team to work on the farm. They may be too expensive to employ for the farm.
(6) Government Policies: Bad government policies like importation of food which are also produced by the farm manager may led to losses, discouragement and may even result in the folding up of the business.
(7) Transport Problems: He may not have a vehicle to do the running around, to deliver farm input and to take farm produce to the market.
(8) Administration Problems: He may lack the technical know-how, good human relationship with staff, and the condition of his health may affect the performance of his duties.
Question.1State and explain five problems of a farm manager.